
Stephen McKee
No-Load Mutual Fund Selections & Timing,
Editor and Publisher
Stephen McKee, founder and managing partner of Watercourse Way Holdings LLC, has been in the investment business for more than 30 years. He devises the strategies, writes, and publishes the top ranked No-Load Mutual Fund Selections & Timing Newsletter. Mr. McKee has been recognized in Forbes, Timer Digest, Barron's, The Hulbert Financial Digest, and on various radio and TV stations nationwide as an investment expert. He earned a BA in philosophy from Southern Methodist University.
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Stocks popped after Wednesday’s Federal Reserve meeting, but they’re giving up some ground to close out the week. Most other markets are flat-lining, including gold, crude oil, the dollar, and Treasuries. Bitcoin is hovering around $84,000.
One lesson you learn as you get older is how complicated the world can be. Financial decisions can’t be made on a spreadsheet. And even though the world may feel terrible, we’re still a long way away from the dreaded S&P 500 (SPX) “crashes” of old trader lore, observes Callie Cox, chief market strategist at Ritholtz Wealth Management.
US stocks initially rallied after the Federal Reserve held interest rates steady, forecasted two interest rate cuts later this year, and Chairman Jay Powell suggested the economy was still strong. We are adding European positions like the iShares MSCI Eurozone ETF (EZU), and SPDR EURO Stoxx 50 ETF (FEZ), notes Brian Kelly, editor of MoneyLetter.
The markets have been flipped upside down. Stocks have been tumbling, gold has soared past $3,000 an ounce, and volatility is through the roof. Is this the start of a major shift, or just a temporary shakeout?
It’s Fed Day everyone! No, it’s not a national holiday…so make sure you show up to work as usual. But definitely keep an eye on Washington around 2 pm Eastern when the Federal Reserve announces the results of its latest gathering.
It’s Fed Day everyone! No, it’s not as much of a hit with the kids as birthdays and the Fourth of July. But for market participants, it IS a big event – especially this time around.
John Maynard Keynes is credited with saying, “When the facts change, I change my mind. What do you do, sir?” though there is no definitive evidence that he actually said or wrote it. As for us, we are blinking on the valuation multiple of the S&P 500 and lowering our index targets, notes Ed Yardeni, editor of Yardeni QuickTakes.
Tip-for-tap tariff policy has economic uncertainty swelling – and the market retreating in a manner that some are already comparing to Covid-19 and 2020. This seems like a reasonable comparison...but now is not 2020. I believe many of the market’s current concerns could be alleviated, advises Jeff Hirsch, editor-in-chief of The Stock Trader’s Almanac.
Known as one of the highest-quality banking stocks out there, JPMorgan Chase & Co. (JPM) in the financial space has succumbed to the market’s recent selling pressure. But for options traders, calls or bull call spreads could be one way to speculate on technical support holding, notes Bret Kenwell, US investment analyst at eToro.
Dick’s Sporting Goods Inc. (DKS) has been growing steadily for years. But Dick’s isn’t purely a growth stock – it’s also undervalued. DKS shares currently trade at just under 14.3x forward earnings estimates and at 1.3x sales, observes Chris Preston, chief analyst at Cabot Value Investor.
As market uncertainty continues — and the chaos escalates — I’m going to talk about a company whose stock should benefit from uncertainty and powerful long-term storylines. It’s CBOE Global Markets Inc. (CBOE), explains Bill Patalon, chief stock picker at Stock Picker’s Corner.
There’s not much nice to say about yesterday’s market action…but we are seeing equities attempt to stabilize in the early going today. Gold and silver are rallying along with crude oil, while Treasuries are flat. The dollar is continuing to slide after knifing through technical support several days ago.
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